ACTIVE

SERVICE - ETUDE - COMMERCE

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Financial year 2025 · Closed on 31/12/2025

Net result2,9 k €-93,0 %over 1 year
Gross margin11,5 k €-78,1 %over 1 year
Equity66,8 k €+4,6 %over 1 year

Identity

Source · BCE/KBO

SERVICE - ETUDE - COMMERCE is a Private limited company incorporated in 1987. Its main activity is: Market research and public opinion polling. Its registered office is in Frameries.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0430.638.923
Incorporation
26/01/1987
Legal form
Private limited company
Registered office
Le Verger 6 box 4/2
7080 Frameries · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 23 filings

Trend over 17 financial years

20252024202320222021
Income statement
Gross margin11,5 k €52,3 k €-28,8 k €-2,8 k €21,2 k €
EBITDA11 k €51,9 k €-29,2 k €-3,3 k €20,7 k €
Operating result11 k €51,9 k €-29,2 k €-3,3 k €20,7 k €
Net result2,9 k €42,1 k €-29,1 k €-4,1 k €13 k €
Balance sheet
Equity66,8 k €63,9 k €21,8 k €50,9 k €54,9 k €
Total assets133,6 k €162,1 k €63 k €202,5 k €117,5 k €
Cash16,3 k €33,2 k €10,1 k €23,3 k €57,4 k €
Debts66,8 k €97,7 k €41,3 k €151,6 k €62 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Laurent KOVAC
Directorsince 18/03/2021

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Michel Oscar Kovac
Managing director14/12/2016 → 2021 accounts
MICHEL KOVAC
Manager2015 accounts

Other companies at this address

Le Verger 6 7080 Frameries
CompanyCBE no.
ASSOCIATION DES COPROPRIETAIRES DE LA RESIDENCE LE MARAIS A FRAMERIES RUE LE VERGER 6● Active
0831.198.344
COPAGA● Active
0438.513.244

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/06/202610/07/202523/08/202407/07/202309/09/202230/08/2021
General meeting04/04/202605/04/202506/04/202401/04/202302/04/202203/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 23 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202504/04/202610/06/2026FrenchPDF
Micro model31/12/202405/04/202510/07/2025FrenchPDF
Micro model31/12/202306/04/202423/08/2024FrenchPDF
Micro model31/12/202201/04/202307/07/2023FrenchPDF
Micro modelCorrection31/12/202102/04/202209/09/2022FrenchPDF
Micro model31/12/202102/04/202223/08/2022FrenchPDF
Micro model31/12/202003/04/202130/08/2021FrenchPDF
Micro model31/12/201904/04/202025/08/2020FrenchPDF
Micro model31/12/201806/04/201921/08/2019FrenchPDF
Micro model31/12/201707/04/201813/08/2018FrenchPDF
Micro model31/12/201601/04/201723/08/2017FrenchPDF
Abridged model31/12/201502/04/201627/07/2016FrenchPDF
Abridged model31/12/201404/04/201505/08/2015FrenchPDF
Abridged model31/12/201305/04/201418/09/2014FrenchPDF
Abridged model31/12/201224/06/201312/07/2013FrenchPDF
Abridged model31/12/201123/06/201206/09/2012FrenchPDF
Abridged model31/12/201024/06/201128/06/2011FrenchPDF
Abridged model31/12/200925/06/201012/07/2010FrenchPDF
Abridged model31/12/200827/06/200902/07/2009FrenchPDF
Abridged model31/12/200727/06/200826/08/2008FrenchPDF
Abridged model31/12/200423/08/200531/01/2007FrenchPDF
Abridged model31/12/200325/08/200431/01/2007FrenchPDF
Abridged model31/12/200223/08/200320/03/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Laurent KOVAC
Directorsince 18/03/2021

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Michel Oscar Kovac
Managing director14/12/2016 → 2021 accounts
MICHEL KOVAC
Manager2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other08/04/2021
    MODIFICATION FORME JURIDIQUE, OBJET, STATUTS
    PDF
  • Registered office14/08/2018
    Transfert du siège social
    PDF
  • Mandates03/01/2017
    Nomination administrateur délégué
    PDF
  • Other12/04/2011
    AG EXTRAORDINNAIRE DU 15/02/2011
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings17 filings
Mandates
LAURENT KOVAC
Michel Oscar Kovac
OLA DANUTA
MICHEL KOVAC
1987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
SERVICE - ETUDE - COMMERCE
Le Verger 6 bte 4/2, 7080 FrameriesLe Verger 6 bte 4/2, 7080 Frameries
Director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Le Verger 6 bte 4/2, 7080 FrameriesCurrent
accounts 2025
Accounts 2025 · 2026-00148689
Le Verger 6/4/2, 7080 Frameries
accounts 2024
Accounts 2024 · 2025-00261295
Le Verger 6 bte 4/2, 7080 Frameries
accounts 2021 → 2023
Accounts 2023 · 2024-00386086

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
SERVICE - ETUDE - COMMERCECurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00148689

Events

  1. 2025
    Annual accounts 20252,9 k €↓
  2. 2024
    Annual accounts 202442,1 k €↑
  3. 2023
    Annual accounts 2023-29,1 k €↓
  4. 2022
    Annual accounts 2022-4,1 k €↓
  5. 2021
    Annual accounts 202113 k €↑
  6. 2020
    Annual accounts 202012,5 k €↑
  7. 2019
    Annual accounts 20194,5 k €↑
  8. 2018
    Annual accounts 20184,3 k €↑
  9. 2017
    Annual accounts 2017-3,7 k €↓
  10. 2016
    Annual accounts 2016675,9 €↓
  11. 2015
    Annual accounts 20152,8 k €↓
  12. 2014
    Annual accounts 201414,2 k €↑
  13. 2013
    Annual accounts 20137,3 k €↓
  14. 2012
    Annual accounts 201231,6 k €↑
  15. 2011
    Annual accounts 201110,5 k €↓
  16. 2010
    Annual accounts 201013,5 k €↑
  17. 2009
    Annual accounts 20091,7 k €
  18. 26/01/1987
    IncorporationPrivate limited company